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Nonprofiteer
← ROTARY CLUB OF MILWAUKEE COMMUNITY TR

Form 990 for tax year 2024

Filed by ROTARY CLUB OF MILWAUKEE COMMUNITY TR.

Totals

Total revenue
$1,121,304
Total expenses
$318,746
Contributions and grants received
$140,028
Grants paid
$243,698
Program service revenue
$0
Investment income
$981,276
Other revenue
$0
Total assets, end of year
$6,130,753
Total liabilities, end of year
$17,450
Net assets or fund balances, end of year
$6,113,303
Program services expenses (Part IX)
$318,746
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$318,746

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $7,000

  • 1f · All other contributions, gifts and grants

    $133,028

  • 3 · Investment income

    total $141,697 · excluded $141,697

  • 7a · Gross sales of assets other than inventory

    securities $4,656,741

  • 7b · Less cost or other basis and sales expenses

    securities $3,817,162

  • 7c · Gain or loss

    securities $839,579

  • 7d · Net gain or loss

    total $839,579 · excluded $839,579

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $203,120 · program services $203,120

  • 3 · Grants to foreign organizations and individuals

    total $40,578 · program services $40,578

  • 6 · Compensation of disqualified persons

    total $43,055 · program services $43,055

  • 11c · Fees: accounting

    total $8,250 · program services $8,250

  • 11g · Fees: other

    total $16,750 · program services $16,750

  • 12 · Advertising and promotion

    total $2,633 · program services $2,633

  • 19 · Conferences, conventions and meetings

    total $4,360 · program services $4,360

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $103,801 · end of year $167,637

  • 3 · Pledges and grants receivable

    beginning of year $50,000 · end of year $25,000

  • 9 · Prepaid expenses and deferred charges

    end of year $49,000

  • 11 · Investments: publicly traded securities

    beginning of year $5,145,773 · end of year $5,518,918

  • 15 · Other assets

    beginning of year $336,239 · end of year $370,198

  • 19 · Deferred revenue

    beginning of year $15,750 · end of year $17,450

  • 27 · Net assets without donor restrictions

    beginning of year $316,113 · end of year $359,900

  • 28 · Net assets with donor restrictions

    beginning of year $5,303,950 · end of year $5,753,403

Mission and programs · 2024

Mission

SUPPORT FOR THE ROTARY CLUB OF MILWAUKEE'S CHARITABLE PROJECTS.SUPPORT TO THE ROTARY CLUB OF MILWAUKEE'S SCHOLARSHIP PROGRAM.

Activities or mission (Part I)

SUPPORT FOR THE ROTARY CLUB OF MILWAUKEE'S CHARITABLE PROJECTS AND SCHOLARSHIP PROGRAM.

  • GENERAL FUNDING SUPPORT FOR CHARITABLE PROJECTS OR EVENTS OF THE ROTARY CLUB OF MILWAUKEE

    Expenses $273,746 · Grants $198,698

  • GENERAL FUNDING FOR THE ROTARY CLUB OF MILWAUKEE'S SCHOLARSHIP PROGRAM

    Expenses $45,000 · Grants $45,000

As filed on the 2024 return.

Listed in Part VII

  • Kristin Bergstrom

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary McCormick

    DIRECTOR

    Total calculated
    $159,267
    From this org
    $0
    From related orgs
    $137,792
    Other
    $21,475
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $0 + $129,792 related
    Bonus
    $0 + $8,000 related
    Other
    $0
    Deferred
    $0 + $12,836 related
    Nontaxable benefits
    $0 + $8,639 related
    Filer's total
    $0 + $159,267 related

  • Us Bank Na

    CO-TRUSTEE

    Total calculated
    $43,054
    From this org
    $43,054
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
APPROVED BY RCM BOARD OF DIRECTORS

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513289349300946

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